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“Many don’t have capital”: New financial ventures aim to help small businesses bid on USDA seafood contracts

The value of US seafood purchased by the United States Department of Agriculture (USDA) has exploded over the past few years, making the government one of the largest buyers of walleye pollock and other seafood.

According to the USDA data obtained by IntrafishThe value of US seafood used in USDA contracts It tripled from 2014 to 2021 and totaled nearly $ 152 million (€ 140 million)...

That’s why Blu Arctic, a long-time US-based seafood inventory finance company, has partnered with the US government’s Republic Capital Access, which specializes in finance for contractors, to help seafood companies bid on contracts such as USDA. Launched the Sea Fund.

https://www.intrafish.com/markets/a-lot-don-t-have-the-capital-new-finance-venture-aims-to-help-smaller-companies-bid-on-usda-seafood-contracts/2-1-1238058 “Many don’t have capital”: New financial ventures aim to help small businesses bid on USDA seafood contracts

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